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IEA Revises 2026 Forecast: Oil Deficit Widens as Iran War Cuts Production | OilPrice.com
Global oil demand will exceed supply by 1.78M bpd in 2026 as Middle East conflict closes the Strait of Hormuz.
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energyintel.com
EIA Adjusts Outlook to Account for Longer Mideast Outages
The US agency made huge revisions to its global oil supply, demand and inventory projections as a result of the Mideast war and closure of the Strait of Hormuz.
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tass.com
IEA worsens global oil demand forecast, expects decline of 418,000 bpd in 2026
The agency thus worsened its demand forecast by 334,000 bpd compared with its April expectations, when the IEA projected a decline of 84,000 bpd
